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FTSE Recovers Some Lost Ground

TUESDAY MARKET UPDATE: UK markets rebounded after a sharp sell-off on Monday, with Hargreaves Lansdown leading the pack forward

Morningstar 5 February, 2013 | 6:26PM

The FTSE 100 and FTSE 250 indices both rebounded on Tuesday after a sharp sell-off on Monday.

The FTSE 100 climbed up by 36 points, or 0.6%, to close at 6,283. The FTSE 250 pushed up by 66 points, or 0.5%, to close at 13,243.

"Perhaps the best thing we can take away from yesterday’s sell-off is that nothing ever goes in a straight line. Investors are apt to forget this basic maxim, but the underlying picture is not much different from last week," said Chris Beauchamp, a market analyst at IG.

The biggest winner on the FTSE 100 on Tuesday was Hargreaves Lansdown (HL.). Shares in the financial services company jumped by nearly 6% ahead of the company reporting interim results on Wednesday.

To see the top winners and losers on the FTSE 100 each day, check out Morningstar's Heat Map.

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Securities Mentioned in Article
Security NamePriceChange (%)Morningstar
Rating
Hargreaves Lansdown PLC999.50 GBX3.41-
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